This post was updated May 27 at 11:45 p.m. UCLA will use bond funds to reduce UCLA Athletics department’s budget deficit and consolidate its chief financial officer and administrative vice chancellor roles, Chancellor Julio Frenk announced in a Tuesday morning State of the Campus address.  Frenk outlined a three-step plan to address UCLA’s financial shortfalls at the inaugural address, which university administrators, student government leaders, faculty and UC Office of the President representatives attended. Read more...

Photo: Chancellor Julio Frenk delivers a speech on stage. Frenk announced in a Tuesday morning State of the Campus address that UCLA will use a UC Regents bond fund to reduce UCLA Athletics department’s budget deficit and consolidate administrative roles. (UCLA/David Esquivel)